In-flight Entertainment and Connectivity Market worth $6.1 billion by 2026

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In-flight Entertainment and Connectivity Market
worth 6.1 billion by 2026 The report on the
in-flight entertainment connectivity market
provides a detailed trend analysis from 2017
to 2026. It discusses industry and
technology trends currently prevailing in the
market, along with drivers, restraints,
challenges, and opportunities that influence
the growth of the market. The Global
In-flight Entertainment Connectivity Market
is estimated to be USD 4.7 billion in 2021 and is
projected to reach USD 6.1 billion by 2026, at a
CAGR of 5.2 during the forecast period. The
growth of this market is mainly driven by
the increased demand for in-flight experience,
increase in aircraft renewals and aircraft
deliveries and technological shift. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id860 Based on product, the IFE
hardware segment is estimated to lead the market
during the forecast period, with a share of 60
in 2021. IFE hardware enables airline operators
to upload, store, and transfer entertainment
content on the in-flight entertainment
systems. Increasing product launches by companies
such as Thales Group drive the growth of the
segment. These products offer features such as
open operating system and 4K HDR displays. Based
on class, the first class segment is projected to
be the highest CAGR rate for the in-flight
entertainment connectivity market during the
forecast period. The demand for in-flight comfort
and premium services laid the foundation for
first class segment. It is the most premium of
all the segments. The services start even before
the actual flight with transfer from hotels,
private check in, premium lounge access.
In-flight, the first-class seats are more
comfortable and spacious with high quality. Based
on the aircraft type, the narrow body aircraft
segment is projected to grow at the highest CAGR
rate for the in-flight entertainment
connectivity market during the forecast period.
In countries such as India, Japan, Australia,
China, the US, and Russia, the demand for
domestic air travel has been increasing
over the years. According to IATA, in 2019,
international air passenger traffic
increased 4.1 compared to 2018. Due to the
increase in air travel, the demand for narrow
body aircraft is expected to grow across the
world.
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Based on end user, the OEM segment is projected
to grow at the highest CAGR rate for the
in-flight entertainment connectivity market
during the forecast period. The new airlines
focus on pre-installed in-flight system
provided by manufacturers. The increase demand
of Low-cost carrier can also be seen the
southeast Asian region. With the increase in
number of passengers aided by the increase in
number of aircrafts around the world. The demand
of in-flight entertainment has also picked up
pace. In-flight entertainment connectivity
market in North America is projected to hold the
highest market share during the forecast period.
North America accounted for the largest share of
50.0 of the in-flight entertainment
connectivity market and is expected to grow at a
CAGR of 5.7 during the forecast period. The
presence of major in-flight entertainment
connectivity manufacturers like Viasat, Inc.,
Astronics Corporation ridium Communications Inc.
and Gogo LLC is one of the major reasons for the
growth. Ask for Sample Report _at_ https//www.market
sandmarkets.com/requestsampleNew.asp?id860
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